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Close menu Advertiser Disclosure Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all banks, credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, Chase, U.S. Bank, and Barclaycard, among others. Credit Cards Capital One QuickSilver Rewards for Students Credit Card Review
By Brian Martucci Date August 09, 2022 FEATURED PROMOTION
Our rating
4 1 5
Learn More Capital One QuickSilver Rewards for Students Credit Card
Sign-Up Bonus: For a limited time, earn $100 when you spend $100 in the first 3 months. Rewards: Unlimited 1.5% cash back on all eligible purchases; Eligible hotel and car rental bookings earn unlimited 5% cash back when made through Capital One Travel Benefits: Extended warranties on eligible purchases with existing manufacturers’ warranties, complimentary travel accident coverage, access to premier culinary events and sports experiences, and free TransUnion or Experian credit report alerts through CreditWise Fees: No foreign transaction fees Annual Fee: $0 Credit Limits: Low/Medium Credit Required: Fair The Capital One Quicksilver Rewards for Students card is a cash-back credit card designed specially for college students. An ideal spending aid for younger folks (and lifelong learners) with fair credit, it’s appropriate for anyone attending or planning to attend a four-year institution, community college, or other qualifying higher education institution. Quicksilver Rewards for Students boasts a flat cash-back rate — unlimited 1.5% back on every purchase, every day — and no annual or foreign transaction fees. Capital One reports card utilization and payment activity to the three major credit reporting bureaus, giving Quicksilver Rewards for Students cardholders a golden opportunity to build credit over time with responsible use and timely payments. Quicksilver Rewards for Students has much in common with the flagship Capital One Quicksilver Cash Rewards Credit Card, which has stricter credit standards. It also shares a brand with the Capital One QuicksilverOne Rewards Credit Card, which is marketed to general audiences (not just students) with fair or average credit. Key Features
The Capital One Quicksilver Rewards for Students card has a straightforward cash back rewards program, relaxed underwriting requirements, and some other benefits worth writing home about. Early Spend Bonus
For a limited time, earn $100 when you spend $100 in the first 3 months. Earning Cash-Back Rewards
The Capital One Quicksilver Rewards for Students card earns 1.5% cash back on most eligible purchases, every day. Eligible hotel and car rental bookings earn unlimited 5% cash back when made through Capital One Travel. There’s no limit to how much you can earn over time. Redeeming Cash-Back Rewards
You can redeem your accumulated cash-back rewards for: A general statement credit to your account balanceA targeted statement credit applied to specific past purchasesA paper check mailed to your address on fileCredit for eligible purchases made with PayPalGift cards offered by participating partner merchants You can redeem in any amount and at any time. Additional Card Benefits and Perks
The Capital One Quicksilver Rewards for Students card has some additional benefits worth noting: Extended warranties on eligible purchases with existing manufacturers’ warrantiesComplimentary travel accident insurance, subject to policy limits and exclusionsA card lock feature that protects your account from fraudRandomly generated virtual card numbers that ensure you don’t have to give your real card number to random online merchantsComplimentary access to Capital One Shopping, a browser plugin that can help you find a lower price when you shop online24/7 complimentary concierge service when you shop, dine, or travel24/7 travel assistance and emergency cash advance service if your card is lost or stolenPeriodic free credit report alerts (for events such as an increase or decrease in your credit score) on your Experian or TransUnion credit report These benefits may be subject to terms and limitations and are subject to change at Capital One’s discretion. Important Fees
Quicksilver Rewards for Students does not charge an annual fee. There’s no fee for foreign transactions, including transactions made at overseas points of sale and online purchases made with merchants located outside the United States. See terms and conditions for information about balance transfer fees and cash advance fees. Credit Required
The Capital One Quicksilver Rewards for Students card is appropriate for students and soon-to-be students with fair credit or better. It’s not suitable for students with poor credit or limited credit, nor new-to-credit students who don’t have credit scores. This card offers modest credit lines for applicants. You may be able to apply for a credit line increase after demonstrating a record of timely payment and responsible card utilization. Advantages
The Capital One Quicksilver Rewards for Students card has some key advantages over other student credit cards and entry-level cash-back cards. They include a straightforward and relatively generous rewards program, low card fees, and relaxed underwriting. Solid Rate of Return on All Eligible Purchases. The Capital One Quicksilver Rewards for Students card has a simple rewards scheme: a 1.5% cash-back rewards rate on most eligible purchases, every day, with no caps on earning potential or rotating bonus categories to worry about. This isn’t the most generous cash-back program around, but it’s above-average for a student credit card.No Foreign Transaction Fees or Annual Fee. Quicksilver Rewards for Students doesn’t charge an annual fee or foreignt transaction fees. These are key benefits for budget-conscious students who don’t want to pay to keep the card around and who plan to study abroad or shop with international merchants while in college.Open to Applicants With Less-Than-Perfect Credit. Quicksilver Rewards for Students is appropriate for applicants with fair credit scores. You don’t have to have perfect (or even good) credit to apply for this card.Nice Lineup of Fringe Benefits. Quicksilver Rewards for Students has some choice fringe benefits, including extended warranties on eligible purchases, basic protections for travelers, and fraud protection measures like a handy card lock feature. These might not be the deciding factor in your decision to apply for this card, they certainly don’t hurt.Nice Early Spend Bonus (Sign-Up Bonus). Capital One Quicksilver Rewards for Students has a nice early spend bonus (also known as a sign-up bonus) for new cardholders. Disadvantages
Although it’s one of the best credit cards for students, the Capital One Quicksilver Rewards for Students card is not perfect. Its disadvantages include a missing early spend bonus, no 0% APR introductory promotion on purchases or balance transfers, and no bonus cash-back categories. No Broad Way to Earn Cash Back Above the 1.5% Rate. You can’t earn rewards any faster than this card’s flat-rate 1.5% baseline rewards rate allows, with the exception of eligible Capital One Travel purchases. That’s not a bad baseline for an entry-level student credit card, to be sure, but it’s also not up to the standards of premium cash-back credit cards that offer 5% back or more on eligible purchases.Not Appropriate for New-to-Credit Applicants. Quicksilver Rewards for Students does not require excellent or even good credit, but it does require some credit history. This is a drawback for applicants who don’t have any credit history to point to, including those who haven’t been able to build credit without a credit card and international students seeking a U.S.-based payment solution for the first time. Final Word
The Capital One Quicksilver Rewards for Students card is one of the better student credit cards on the market right now. With a flat cash-back rate that’s right where an entry-level card’s should be, no annual fee, and a relaxed underwriting process, it has the potential to be a real asset for many college students. Is Quicksilver Rewards for Students perfect? Far from it. It’s not suitable for applicants with bad credit scores or no credit scores at all, which excludes many young people who haven’t had a chance to build credit as minors and most international students as well. And its fringe benefits aren’t specially designed with students in mind, as is the case for some more innovative cards in this niche. You won’t find a free or discounted subscription to Amazon Prime Student or rewards on purchases of streaming services here, for example. Before deciding to apply for Quicksilver Rewards for Students, make sure it’s the best fit for your needs. After all, this is a card you hope will carry you through the next four years — or however long remains on your student journey. The Verdict
Our rating
4 1 5
Learn More Capital One QuickSilver Rewards for Students Credit Card
The Capital One Quicksilver Rewards for Students card is an above-average student credit card that’s appropriate for applicants with less-than-perfect credit (although not applicants with bad credit, nor new-to-credit prospects). It’s a good choice for students seeking a reliable turn on spending and the opportunity to build credit with responsible use. Explore More Reviews
Capital One Quicksilver Cash Rewards Credit Card
1.5% Cash Back on All Purchases; Early Spend Bonus Worth $200 Quicksilver Secured Rewards from Capital One
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities. Credit Cards Capital One Reviews TwitterFacebookPinterestLinkedInEmail Brian Martucci
Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he's not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci. FEATURED PROMOTION
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